It’s time for the weekly recap! And, starting today, we will also be reviewing the best performing tokens since last week, as they can represent great investment opportunities or promising projects for the future. Let’s take a look:
1 - BTC: $11829.77, with a change of -1.28% since yesterday and 12.35% since last week.
2 - ETH: $208.99, with a change of -5.51% since yesterday and -4.00% since last week.
3 - XRP: $0.2945, with a change of -4.38% since yesterday and -5.46% since last week.
4 - BCH: $312.36, with a change of -6.45% since yesterday and -4.76% since last week.
5 - LTC: $83.98, with a change of -6.82% since yesterday and -11.39% since last week.
6 - BNB: $30.04, with a change of -3.81% since yesterday and 6.79% since last week.
7 - EOS: $3.889, with a change of -6.81% since yesterday and -7.01% since last week.
8 - BSV: $141, with a change of -2.78% since yesterday and -4.88% since last week.
9 - XMR: $92.82, with a change of -3.37% since yesterday and 10.42% since last week.
10 - STR: $0.02202, with a change of -1.21% since yesterday and 12.46% since last week.
The climbs have returned! And this time, analysts are linking the healthy growth of the market to consequences of the economic frictions between the U.S. and China. The falls of big stock indices like Dow Jones and Nasdaq often prove beneficial for the cryptocurrency market due to investors looking for alternatives.
Meanwhile the U.S. and China blaming each other for poor decisions regarding fiat currency raise the interest of the regular population for this type of trustless, non-sovereign solutions for value storing. In an interview with Yahoo!, Kyle Bass, founder of Hayman Capital Management, wondered:
“If you’re in Asia and China and you’re in a closed currency system, or if you’re in Hong Kong and you can’t seem to get a big conversion of Hong Kong dollars to U.S. dollars what are you going to buy?”
On the other hand, this trend seems to be hurting altcoins, as trading volumes are telling us that people are realizing the true potential of using BTC as a hedging tool. This makes it profitable to trade other assets into BTC, leaving the rest
Top 10 Currencies by Weekly Performance
In this new section of the recap, we will list the top 10 cryptocurrencies and tokens in terms of performance in the past 7 days, along with a quick review of the first one and its related project:
1 - LOCUS: $0.0107, with a change of 212.21% since last week.
2 - DXG: $1.47, with a change of 177.22% since last week.
3 - MNX: $0.2381, with a change of 139.59% since last week.
4 - YOU: $0.0674, with a change of 136.30% since last week.
5 - XRC: $28.20, with a change of 100.66% since last week.
6 - PPY: $0.5093, with a change of 67.75% since last week.
7 - BMX: $0.0369, with a change of 63.83% since last week.
8 - IPC: $0.5142, with a change of 61.45% since last week.
9 - GST: $0.0008, with a change of 56.21% since last week.
10 - CEN: $0.0095, with a change of 55.80% since last week.
LOCUS is a project for an alternative architecture for blockchain, looking to solve scalability issues by the implementation of their Account Wise Transaction Chain (AWTC), an improvement built on traditional sharding processes.
We hope you liked our new format. Stay alert for our recap next week!